Hangzhou, 17th January: Alibaba Group’s subsidiary, ANT Financial, is reportedly planning to offer shares in a private placement which will value the company at US$200 billion – the would make ANT Financial one of the most valuable private companies in the world. 

The company had a valuation of $150 billion during a 2018 fundraising exercise. Analysts expect that the company will eventually be listed in Hong Kong and likely in Shanghai as well. The timing of the IPO is not known, but after recent tech giant stumbles and failures (read WeWork), ANT is likely not in a hurry to test investor appetites for risk.